Japanese stocks rose for the fourth session in a row, as technology stocks rebounded while investor sentiment remained supported by expectations that low-interest rates and large fiscal spending will continue to support global economic growth.<\/p>\n\n\n\n
The benchmark Nikkei index rose 1.73% to 29,717.83 points.<\/p>\n\n\n\n
The broader Topix index rose 1.36% to 1,951.06 points. And for the week, the Nikkei and Topix gained nearly 3%.<\/p>\n\n\n\n
Technology and energy stocks rebounded from recent losses, following the example of their US counterparts, but this partially dissipated due to selling in the real estate and financial services sectors.<\/p>\n\n\n\n
Sentiment generally remained positive due to strong expectations that global growth will accelerate as more countries vaccinate their citizens from the emerging coronavirus.<\/p>\n\n\n\n
E-commerce firm Rakuten jumped 8.64% after reports said the company would form a capital alliance with Japan Post Holdings, whose shares rose 4.89%.<\/p>\n\n\n\n
SoftBank Group, which invests in emerging companies, rose 3.35% after South Korean e-commerce company Kubang, in which Softbank owns a 35.1% stake, was rated at about $ 109 billion in its first trading session on Thursday.<\/p>\n\n\n\n
Sources said that Singapore-based Grab Holdings, a ride-sharing app, which is also backed by SoftBank, is in talks to offer its shares on the stock exchange through a merger that could put the company at around $ 40 billion.<\/p>\n\n\n\n
Astellas Pharma topped the list of losers on Topix 30, down 0.68%, followed by Tokyo Marine Holdings, which fell 0.43%.<\/p>\n\n\n\n
And 156 shares advanced on the Nikkei index, against a decline of 67 today.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese stocks rose for the fourth session in a row, as technology stocks rebounded while investor sentiment remained supported by expectations that low-interest rates and large fiscal spending will continue to support global economic growth. The benchmark Nikkei index rose 1.73% to 29,717.83 points. The broader Topix index rose 1.36% to 1,951.06 points. And for …<\/p>\n","protected":false},"author":9,"featured_media":40115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-42843","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=42843"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42843\/revisions"}],"predecessor-version":[{"id":42844,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42843\/revisions\/42844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40115"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=42843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}